Archive Europe: Economy

  • ZURICH, Sept 28- Switzerland has set a record in global economic competitiveness even as mounting political tension and uncertainty is contributing to sluggish growth worldwide, the World Economic Forum's annual rankings showed on Wednesday. The Netherlands overtook Germany for fourth place, while Sweden in sixth spot and Britain in seventh leap-frogged...

  • ATHENS, Sept 27- Greek lawmakers on Tuesday passed reforms sought by the country's creditors to cut pension spending and expedite privatisations in exchange for financial aid under the country's latest international bailout. Greece signed up to an international bailout worth up to 86 billion euros in mid-2015, its third financial lifeline from lenders...

  • A passenger boards an Avis shuttle bus at Los Angeles International Airport.

    Shares of Avis Budget Group fell more than 8 percent on a volume spike, following comments made Tuesday about weaker European demand in August.

  • ROME, Sept 27- Italy is poised to cut its economic growth forecasts for this year and next and raise its projections for the budget deficit on Tuesday when the cabinet meets to approve a new forecasting document. The new forecasts, which will provide the framework for the government's 2017 budget to be presented next month, will set up a potential tussle with the...

  • PARIS, Sept 27- France is unlikely to meet its 2017 budget deficit target, the country's independent fiscal watchdog said on Tuesday, casting doubt on the government's plan to cut the shortfall to less than 3 percent of output. A serial offender of the EU's fiscal rules, France has delayed bringing its deficit below 3 percent several times under both Socialist and...

  • Our live blog tracked reaction as Europe's stocks struggled with oil prices and banking concerns. US stocks higher after the presidential debate.

  • BERLIN— Deutsche Bank shares are down further after German Chancellor Angela Merkel gave no indication that her government might help the group with a U.S. demand for a $14 billion legal settlement. Deutsche Bank shares fell another 2.3 percent to 10.31 euros and are off 55 percent for the year as the bank struggles with weak profits and legal concerns like the...

  • Yanis Varoufakis

    Europe is at risk of disintegration and this could come at great human cost, Greece’s fiery former finance minister warned on Tuesday.

  • PARIS, Sept 27- France is unlikely to meet its 2017 budget deficit target, the country's independent fiscal watchdog said on Tuesday, casting doubt on the government's plan to cut the shortfall to less than 3 percent of output. The High Council of Public Finance's assessment is a fresh blow to President Francois Hollande's economic record seven months from a...

  • GENEVA— Trade, that lifeblood of the world economy, is growing at its slowest rate in seven years and could falter even more should anti-globalization sentiment encourage governments to throw up more barriers. That's the verdict from the World Trade Organization, which dramatically slashed its forecast for trade growth this year by about a third to its lowest...

  • NEW YORK— U.S. stocks rebounded Tuesday and climbed after a survey showed consumer confidence is at a nine-year high, a sign Americans will keep spending in the months to come. U.S. consumer confidence reached its highest level this month since August 2007, according to the Conference Board. Katie Nixon, chief investment officer for Northern Trust, said it's even...

  • Europe opens higher as markets react to Clinton, Trump clash

    European stocks opened higher on Tuesday as global investors reacted to the first U.S. presidential candidate debate and oil market news.

  • BEIJING- Asian Development Bank releases its flagship economic publication, its Asian Development Outlook 2016- 0200 GMT MANILA- Central Bank of the Philippines monetary board member Valentin Araneta addresses 2016 Philippine investment conference on "Sustaining Development in a World of Policy Divergence" PRAGUE- Czech National Bank board member Tomas...

  • Treasury Secretary Jack Lew meets with Brazilian President Michel Temer and Finance Minister Henrique Meirelles WASHINGTON- Federal Reserve Vice Chair Stanley Fischer speaks on "Why Study Economics?" WEDNESDAY, SEPTEMBER 28 WASHINGTON- Federal Reserve Chair Janet Yellen gives semi-annual testimony on Federal Reserve supervision and regulation of the...

  • Treasury Secretary Jack Lew meets with Brazilian President Michel Temer and Finance Minister Henrique Meirelles WASHINGTON- Federal Reserve Vice Chair Stanley Fischer speaks on "Why Study Economics?" WEDNESDAY, SEPTEMBER 28 WASHINGTON- Federal Reserve Chair Janet Yellen gives semi-annual testimony on Federal Reserve supervision and regulation of the...

  • The asset move is part of measures demanded by creditors from other eurozone nations as part of Greece's third consecutive international bailout. Creditors argue that Greece's privatization program had been moving too slowly. Greece's left-wing government has fallen behind on implementation deadlines linked to bailout loan payouts— and is clinging to...

  • FRANKFURT, Germany— The president of the European Central Bank says both markets and the economy have been "resilient" in the wake of Britain's vote to leave the European Union. But Mario Draghi cautioned members of the European Parliament in Brussels on Monday that the long-term effects of the breakup "will be much more difficult to foresee."

  • FRANKFURT, Germany— Shares in Deutsche Bank are down sharply after a report that the German government won't intervene with U.S. officials who are pressing the bank to pay $14 billion to settle an investigation into its sales of mortgage-backed securities. Deutsche Bank said it hasn't asked for help with the U.S. and isn't seeking a bailout.

  • LONDON— Turkish financial markets took a battering Monday after ratings agency Moody's downgraded the country's credit grade to junk status to account for a series of shocks to the economy that included a string of bombings and an attempted coup. The sell-off is largely due to Moody's statement late Friday that it was cutting Turkey's government debt rating...

  • LONDON— A survey of company CEOs in Britain suggests that a majority is considering moving some business away from the U.K. amid concerns about the country's future outside the European Union. The results are important because so much of Britain's economy hinges on financial services— some 2 million people across the U.K. are directly or indirectly employed by...

Contact Europe: Economy

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